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of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents looking for a job cannot find one. youth unemployment figures are especially worrisome. nearly one in four young people under the age of 25 cannot have a job. youth unemployment in spain tops 55%. >> german lawmakers began debating friday a controversial ban on the far-right party. the previous attempts to outlaw it failed in 2003. >> this new drive to ban the party came after revelations that a neo-nazi group linked to the npd carried out a decade- long string of racially motivated murders. >> a former high-ranking member of the far right npd is thought to have supplied the weapons used by the new lots is in the recent killings. along
for the river and an island for the city. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are anothe
wanted to keep in the eu because they never went into the eurozone, but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members elected, male and female, and i think he will continue to us see that. you know, -- [inaudible question] >> well, you have -- i think there are several -- one who is korean, one korean-american. at think you will see more going forward because you love a lot of asian-americans who are mayors in major cities to lend that think that if the answer is, i think it would be very helpful to have more asian americans as members of congress. and, of course, he had a governor who is now our ambassador to -- our secretary of commerce who is now our ambass
to see the workers have a 4r*eu6ing wage. >> we know the answer to the question, and if people happily pay more, they wouldn't buy clothes made in china over overseas. i was reporting in the 1990s, for instance, on the buy american movement in american stores where even walmart had a section of american clothes and abandoned it because people did not buy. they bought on price. i mean, it's politically popular. people in polls say i'll do it, but they don't actually vote with their money that way. melissa: in the abstract -- >> especially now. melissa: at the same time, when people say it's not o -- a living wage, even if you work 50 hours a week, you are making $18,000 a year. that's not really enough to live on. the answer is grow the whole economy. >> well, that's true. there's also a couple other answers. the vast majority of people who earn minimum wage are third r fourth earners. they are not heads of households, and they are basically teens and so forth, but in the case where you do have heads of household earnings just that little, wehave other ways of helping them. most importa
about, well, for the moment, the eu -- we have that kind of psychological factor. a healthy private sector. and the problem is what? the problem is government and bad policy. and that's what we have to offset. >> but jim iuorio, i want to know where to invest. do we buy gold, silver, and commodities? do we buy banks, which are lagging a little bit? do we buy industrial cyclicals to play the world boom, if there is such a thing? in other words, how do you invest right now, having passed this 14,000 benchmark? >> well, there's a couple things. first of all, when caterpillar released its earnings it talked about good numbers out of housing. and you stloe in china. you invest in things like copper. you know i still like gold and silver. and today with the green light from the fed i'm still going to stay in things like those. i am in bank of america. i am in health care. i think the stock market looks pretty good. you said before, though, the stock market tends to be a leading indicator of the economy. when the fed pumps in so much money and global banks pump in so much money, i think yo
for bailouts from the eu and the imf. the highest unemployment rise was 26.1% in spain, followed by 16.5% in portugal, and 14.7 in ireland. eu officials announced greece's jobless rate for october. they said it was up .6 of a point on the month at 26.8%. officials appeared to have the eurozone debt crisis under control, but they say there's no sign of an improvement in the job situation. >>> people in southwestern japan are planning to do more to track an unwanted import from china. air pollution from the world's second largest economy is on the move. officials in schuylkill city are adding equipment so they can raise levels and warn residents. air pollution in beijing and other parts of china remains a health concern. industrial emissions have been pumping something known as fine particularate matter into the air. these tiny particles can cause asthma and bronchitis. their amount in the china capital is 20 times higher than in tokyo. residents of schuylkill city have voiced concern about the health risks. the city already has six commanding posts. they plan to set up three more in dif
Search Results 0 to 5 of about 6

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